David Duong, Head of Investment Research at Coinbase, stated that ETFs, stablecoins, tokenization, and clearer regulation will create a synergistic effect in 2026, further accelerating the mainstream adoption of cryptocurrencies. He pointed out that in 2025, spot ETFs opened the door to compliance, corporate crypto asset vaults emerged, and stablecoins and tokenization became more deeply integrated into core financial processes. By 2026, accelerated ETF approvals, the expanding role of stablecoins in DvP (delivery versus payment), and wider acceptance of tokenized collateral will reinforce each other. On the regulatory front, the US passed the GENIUS Act, clarifying stablecoins and market structure, while Europe is advancing the MiCA regulatory framework, providing clearer policy boundaries for institutional entry. Duong believes this marks a significant stage in crypto's transition from a niche market to global financial infrastructure. Furthermore, he emphasized that crypto demand is no longer reliant on a single narrative but is driven by macroeconomics, technology, and geopolitics, and capital structures will become more long-term, reducing purely speculative behavior. (Cointelegraph)